Specialist lender Kuflink stepped in to complete a commercial property purchase at speed, enabling a client to beat a looming Stamp Duty deadline after being let down by another funder.

The deal involved the acquisition of a vacant public house, with the client’s original lender withdrawing from the transaction due to its insistence on full valuations. With time running short, the client’s adviser turned to Kuflink, which used its high LTV commercial bridging product and took a flexible approach to get the purchase over the line within just three weeks of the first enquiry.

To accelerate completion, Kuflink employed desktop valuations and indemnity insurance, avoiding the delays associated with traditional red book valuations and legal title checks. The lender was able to advance 100% of the purchase price and fees — a total of £903,720 — by securing the loan against the pub and an additional restaurant property already owned by the buyer. The combined loan-to-value was 66%.

Mikie Butcher, business development manager at Kuflink, said the deal demonstrated the lender’s ability to respond rapidly with practical solutions.

“When the original lender pulled out because they insisted on full valuations, the clients’ adviser came to us,” he said.

“Thinking outside the box has always been a hallmark of Kuflink’s philosophy to find the right lending solutions and in this case, by taking a charge on both properties and the judicious use of desktop valuations and indemnity insurance to speed up the conveyancing process, Kuflink was able to complete this case in record time.”